Company profile

Ticker
MIDD
Exchange
CEO
Timothy John Fitzgerald
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
363352497

MIDD stock data

(
)

Calendar

7 May 20
8 Jul 20
2 Jan 21

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 677.46M 787.63M 724.01M 761M
Net income 73.78M 109M 82.02M 92.21M
Diluted EPS 1.33 1.96 1.47 1.66
Net profit margin 10.89% 13.84% 11.33% 12.12%
Operating income 105.41M 152.03M 121.35M 139.61M
Net change in cash 286.54M 7.32M 5.49M 477K
Cash on hand 381.04M 94.5M 87.18M 81.69M
Cost of revenue 427.27M 497.95M 453.99M 474.53M
Annual (USD) Jan 16 Jan 15 Jan 11
Revenue 1.83B 1.64B 719.12M
Net income 191.61M 193.31M 72.87M
Diluted EPS 3.36 3.4 3.97
Net profit margin 10.49% 11.81% 10.13%
Operating income 302.6M 300.43M 122.79M
Net change in cash 11.58M 3.73M
Cash on hand 55.53M 43.95M 40.22M
Cost of revenue 1.12B 995.95M 432.44M

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
29 May 20 Robert A Nerbonne Common Stock Buy Aquire P No 68.1229 2,700 183.93K 12,900
21 May 20 Robert A Nerbonne Common Stock Buy Aquire P No 64.924 1,540 99.98K 10,200
13 May 20 Robert A Nerbonne Common Stock Buy Aquire P No 56.88 1,750 99.54K 8,660
11 May 20 Robert A Nerbonne Common Stock Buy Aquire P No 60.6158 1,670 101.23K 6,910
11 Apr 20 Bryan E. Mittelman Common Stock Grant Aquire A No 0 2,649 0 14,905
95.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 307 377 -18.6%
Opened positions 40 73 -45.2%
Closed positions 110 44 +150.0%
Increased positions 106 114 -7.0%
Reduced positions 113 123 -8.1%
13F shares
Current Prev Q Change
Total value 14.34B 26.3B -45.5%
Total shares 53.18M 53.51M -0.6%
Total puts 151.6K 141.9K +6.8%
Total calls 107K 64.5K +65.9%
Total put/call ratio 1.4 2.2 -35.6%
Largest owners
Shares Value Change
EdgePoint Investment 5.68M $323.19M +9.9%
Vanguard 5.12M $291.03M +2.3%
FRLG Goldman Sachs 4.69M $266.74M +3292.1%
FSZ Fiera Capital 3.5M $199.12M +4.1%
JPM JPMorgan Chase & Co. 3.02M $171.51M +28.7%
BLK BlackRock 2.83M $160.75M -0.9%
Rothschild & Co Wealth Management UK 1.88M $107.06M +1.6%
JHG Janus Henderson 1.64M $93.15M -38.3%
Capital Research Global Investors 1.62M $92.27M -60.0%
Disciplined Growth Investors 1.51M $85.78M -3.6%
Largest transactions
Shares Bought/sold Change
FRLG Goldman Sachs 4.69M +4.55M +3292.1%
Capital Research Global Investors 1.62M -2.43M -60.0%
Viking Global Investors 0 -1.86M EXIT
Capital World Investors 0 -1.61M EXIT
JHG Janus Henderson 1.64M -1.02M -38.3%
Wellington Management 998.86K +898.53K +895.6%
JPM JPMorgan Chase & Co. 3.02M +672.41K +28.7%
WFC Wells Fargo & Company 117.96K -657.35K -84.8%
Assenagon Asset Management 561.78K +561.78K NEW
Echo Street Capital Management 32.58K -542.96K -94.3%

Financial report summary

?
Risks
  • The COVID-19 pandemic has, and likely will continue to, adversely impact and pose risks to the company, the nature and extent of which are highly uncertain and unpredictable.
Management Discussion
  • NET SALES. Net sales in fiscal 2019 increased by $236.5 million, or 8.7%, to $2,959.4 million as compared to $2,722.9 million in fiscal 2018. The increase in net sales of $278.9 million, or 10.2%, was attributable to acquisition growth, resulting from the fiscal 2018 acquisitions of Hinds-Bock, Ve.Ma.C, Firex, Josper, Taylor, M-TEK, and Crown and the fiscal 2019 acquisitions of EVO, Cooking Solutions Group, Powerhouse, Ss Brewtech, Pacproinc, Synesso, and Brava.  Excluding acquisitions and closure of a non-core business, net sales decreased $33.3 million, or 1.2%, from the prior year. The impact of foreign exchange rates on foreign sales translated into U.S. Dollars for fiscal 2019 decreased net sales by approximately $36.1 million or 1.3%. Excluding the impact of foreign exchange, acquisitions and closure of a non-core business, sales increased 0.1% for the year, including a net sales increase of 1.6% at the Commercial Foodservice Equipment Group, a net sales decrease of 3.3% at the Food Processing Equipment Group and a net sales decrease of 2.0% at the Residential Kitchen Equipment Group.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: addressing, aggressive, aggressively, Aid, alternative, attrition, automatically, avoidance, banking, behavior, Brava, breadth, Brexit, broader, capacity, case, challenging, cleaning, commencing, companywide, consumer, convention, criteria, cybersecurity, decline, demand, Deutche, Deutsche, discontinuation, discontinued, discretionary, disruption, distancing, distribution, driven, Employee, enhanced, Established, exacerbate, experienced, Facilitation, facing, flexibility, force, functioning, global, government, governmental, hand, handwashing, hardship, health, interruption, issuance, launched, law, liquidity, loan, London, macroeconomic, meet, meeting, methodology, minimal, mobile, model, modification, monitor, monitoring, navigate, negotiating, Offered, outbreak, outlook, pandemic, phase, phasing, pose, posed, precautionary, preceding, preservation, previously, produced, proper, prospective, prospectively, RAM, recover, recovery, reference, referenced, relief, replacement, research, response, resurgence, retail, royalty, run, sanitation, sanitizer, seasonal, section, situation, social, spread, staggered, sterilization, strategic, successfully, supply, Synesso, task, technical, travel, ultimate, uncertain, unpredictable, warrant, withheld, workplace, worsen
Removed: achieved, acquiring, amendment, amounting, application, arising, Atmospheric, automation, bakery, Boston, Bothell, Canada, capitalize, Castelnuovo, cease, classification, closure, consolidation, cumulative, de, design, designer, disaggregate, display, disposition, drink, enable, exercise, expansion, expect, extend, finance, foreseeable, fourth, fulfillment, funding, Grange, grill, inception, increasing, ineffective, integration, Latin, lease, listed, located, long, longer, manufacturer, MAP, Mar, mix, nonemployee, OCI, October, organizational, oven, package, Pineda, Portland, principle, pronouncement, published, qualifying, Rangone, recently, reclassification, redundant, refund, Release, rent, requirement, Rockton, ROU, Rule, Sedico, seller, Simplification, space, Spain, stranded, submitted, testing, Toronto, treated, twelve, virtually, warehouse, world

Patents

APP
Utility
Conveyor Oven Air System
25 Jun 20
A conveyor oven for cooking food and having an oven chamber in which food is cooked; a conveyor moveable to convey food within the oven chamber; a burner assembly operable to emit a flame to heat air for cooking food moving within the oven chamber on the conveyor; a burner tube extending into a compartment and positioned to receive at least a portion of the flame emitted by the burner assembly; and one or more passive tubes in the compartment positioned opposite the burner tube, wherein elongated baffles are located between adjacent passive tubes, wherein a baffle plate is located between the burner and passive tubes to restrict airflow from the burner tube to the passive tube, and/or wherein shelf assemblies in the oven enable movement (and in some cases removal) of a shelf with a corresponding fan and/or motor without disturbing other shelves and their corresponding fans and/or motors.
APP
Utility
Nitrogen Generator and Uses Thereof
18 Jun 20
A system and method to supply nitrogen gas is provided.
APP
Utility
Post-mix Nozzle
11 Jun 20
Disclosed is a post-mix beverage dispensing nozzle.
GRANT
Utility
Lever-switching multiple fluid-input beverage dispenser
9 Jun 20
A beverage dispensing apparatus including at least one multiple lever-switching assembly where the lever assembly has a plurality of levers and valves configured to dispense fluids, flavorings, syrups, and optionally pressurized gas through one or more channels in each of the assemblies.
GRANT
Utility
Alignment assembly
26 May 20
An alignment system is disclosed.